One can make premature withdrawals from the 7th financial year of their PPF account.

The maximum partial withdrawal amount is 50% of the PPF balance at the 4th financial year-end or 50% of the balance at the previous financial year-end, whichever is lower.

Accountholders can also take a loan on their PPF. The facility is available only between the 3rd and 6th financial years.

Fact: Who can open PPF account for minors?

As per rules, a PPF account for a minor can be opened by their father or mother, or any guardian under the law (grandfather, grandmother, uncle, aunt, etc.) in case the parents aren't alive or if the surviving parents are not capable of acting.

Details: Important things to know about opening PPF accounts for minors

While a parent/guardian can open a PPF account in a minor's name, unlike a regular PPF account, they cannot deposit Rs. 1.5 lakh in it.

An individual is allowed to deposit a maximum of Rs. 1.5 lakh on his behalf or a minor's behalf. Simply put, the combined contribution of the minor and their parent/guardian towards the PPF scheme cannot exceed Rs. 1.5 lakh.